SETIA, FIRST TO OFFER NEWLY-LAUNCHED HOMES UNDER ITS RENT-TO-OWN SCHEME ‘FLEXKEY’ IN COLLABORATION WITH MAYBANK

Date: 24-Apr-2019

SETIA ALAM: S P Setia and Maybank came together for the second year to launch FlexKey, an enhanced HouzKEY by Maybank financing scheme. The new rent-to-own (RTO) home ownership solution is now not only applicable for completed homes but selective new launches too!

For the first time in the industry, homebuyers will be happy to note that they now are able to select first-hand their choice unit and preferred location from the newly launched properties offered under this scheme rather than being limited to completed units that are available.

What more, with the downpayment of 10% removed and in place, rental fees, owning a home has never been made more affordable. Setia FlexKey is an alternative financing scheme to help first-time homebuyers on their journey to home ownership; homebuyers will be able to enjoy the flexibility of converting rentals paid as downpayments towards purchasing a home at locked-in prices.

In addition within the fifth year, should the housebuyers decide to own the house, homebuyers will be able to purchase it at the locked-in price. Considering the array of benefits offered by this scheme, Setia anticipates an increase of home purchases in the coming months after homebuyers get to know more about this offer.

Last year, Maybank launched HouzKEY, a rent-to-own scheme to the public, the first by a bank in Malaysia. Designed to assist first time homebuyers, the scheme provides an alternative solution for customers to own their desired homes with minimal upfront cost of 3 months refundable rental deposit only. Customers are also given the flexibility to purchase the property any time after 12 months of renting at a locked-in price.

The Setia FlexKey scheme is available for a wide selection of projects consisting of S P Setia’s residential properties in the Klang Valley, Johor and Penang from now until 31 December 2019. For enquiries on the FlexKey scheme, please log on to www.spsetia.com/flexkey .

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